These states would face serious budget problems if Sessions goes after the industry.

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• Local politicians aren’t going to let that happen…

Here’s a quote from Illinois State Senator Heather Steans:

Consumers already have easy access to marijuana and rolling back this guidance is short sighted.

Steans also said that cracking down on the industry will push more people to buy marijuana on the black market.

Steans isn’t the only concerned politician fighting back, either.

Yesterday, Colorado Republican Senator Cory Gardner called Sessions’ decision a “complete reversal,” noting that “Sessions told me there would be no plans to reverse the Cole memorandum.”

Garden also said he will put a hold on all Justice Department nominations until Sessions reverses his stance.

In short, Sessions would face immense pressure if he goes after the industry. The backlash would be next to impossible to overcome.

Not only that, the average American favors marijuana legalization. According to a recent Gallup survey, 64% of Americans think cannabis should be totally legal. That’s an all-time high.

• Investors are realizing Sessions will fail, too…

Just look at the U.S. Marijuana Index I mentioned earlier. It’s up 8% today.

Many individual U.S. marijuana stocks are up even more. In fact, both Terra Tech and MassRoots are up 19% as we go to press.

Those are monster gains. But you must realize two things…

One, most U.S. marijuana stocks are still well off their all-time highs. They’re a bargain compared to where they were trading before Sessions opened his mouth.

So, consider buying marijuana stocks while there’s still blood in the streets. Just remember to treat marijuana stocks as a speculation.

Don’t bet more money than you can afford to lose. Use stop losses. And take profits when you get them.

Regards,

Justin Spittler
New Orleans, LA
January 5, 2018

P.S. Legal marijuana is now the fastest-growing business on earth. Forbes even wrote that it’s “the best ground-floor opportunity we’ve seen since the early days of the internet.”

And while fortunes have been made with marijuana, most folks still don’t know how to find the best pot stocks.

If you think marijuana legalization is inevitable, and want to get in on the ground floor of the most promising marijuana companies today, then you’re invited to join Doug Casey, Nick Giambruno, and me on January 10 at 8 p.m. ET for a special online event. We’re calling it the Marijuana Millionaire Summit, and it’s absolutely free. Click here to sign up today.

Chart of the Day: Frontier Markets Continue to Rise

By Joe Withrow, analyst, Casey Research

Frontier market stocks are soaring…

As we told you back in October, frontier markets are countries with stock markets that are less established than those in emerging markets like India or China. They are “pre-emerging markets” that are less regulated and more volatile.

This scares many investors away… but at Casey Research we look for great opportunities that other investors won’t go near.

The iShares MSCI Frontier 100 ETF (FM), which tracks 120 frontier market stocks, has gained 37% since the start of 2017. And it’s popped 11% since last November. Compare that to the S&P 500, which is only up 21% and 6%, respectively, over the same periods.

And this story is just beginning… Frontier markets only make up about 6% of the global economy today, but they will become 25% of the global economy by 2020.

And here’s the best part… frontier market stocks are still a hidden gem.

Reader Mailbag

Doug’s essay hits the nail right on the head as usual! The people all over the world would be better off with governments national, state, local and international and organizations like IMF, World Bank, UN, etc. not interfering with our lives. However, it won’t happen until “The People”—and I mean all over the world—stand up for their freedom. Personally, I don’t see it happening in my lifetime. However, there are some promising things occurring, secessionist movements in Europe and it appears also in the USA. Time will tell.